diamond mining is now very regulated as far as the "blood diamond" scandal goes. its also a very expensive process. opening a diamond mine takes about 12 years and hundreds of millions if not billions of investment dollars. the fact of the matter is that while yes their prices are extremely inflated due to marketing, we simply would not have diamonds if they didnt sell for so much money. the truth is that they are expensive to mine and thus they sell for a lot. what would be the point of investing so much money and time into mining for them if the mine owners couldnt quadruple their original investment? natural diamonds are a gift to us humans because they tell us so much important information about our earths history and what processes are required to form diamonds in the first place over billions of years. i rest my case lol.
@@jonathanb.1999 Hi! Thank you for sharing. The industry is regulated based off of the Kimberly process (as far as I know, I would love more knowledge on this) and this process is very restrictive in terms of what a blood diamond means. These are still huge ethical concerns and human rights violations in the mining process. If there’s alternatives that can avoid this, I think it’s great to go with them. History is beautiful, but not when present day is still causing atrocities
@@kayviana i agree it could definitely be better. but in many of these countries mining is truly the biggest business and oftentimes the only way many families are able to make a living. the conditions could definitely be so much better but i think completely ditching the mining industry does more harm to them than good.
Thank you I’ve been thinking about society like this. Why is it such a big deal if I do something that has nothing to do with you differently?
DeBeers diamond cartel… They needed to create a larger market, good video showing how gullible and naive people are about marketing and propaganda.
@@djquinn11 Thank you!
diamond mining is now very regulated as far as the "blood diamond" scandal goes. its also a very expensive process. opening a diamond mine takes about 12 years and hundreds of millions if not billions of investment dollars. the fact of the matter is that while yes their prices are extremely inflated due to marketing, we simply would not have diamonds if they didnt sell for so much money. the truth is that they are expensive to mine and thus they sell for a lot. what would be the point of investing so much money and time into mining for them if the mine owners couldnt quadruple their original investment? natural diamonds are a gift to us humans because they tell us so much important information about our earths history and what processes are required to form diamonds in the first place over billions of years. i rest my case lol.
@@jonathanb.1999 Hi! Thank you for sharing. The industry is regulated based off of the Kimberly process (as far as I know, I would love more knowledge on this) and this process is very restrictive in terms of what a blood diamond means. These are still huge ethical concerns and human rights violations in the mining process. If there’s alternatives that can avoid this, I think it’s great to go with them. History is beautiful, but not when present day is still causing atrocities
@@kayviana i agree it could definitely be better. but in many of these countries mining is truly the biggest business and oftentimes the only way many families are able to make a living. the conditions could definitely be so much better but i think completely ditching the mining industry does more harm to them than good.